Self-Study

Income Tax Accounting

  • Thursday, August 15, 2019 – Thursday, April 30, 2020

  • 11
    CREDITS
    Accounting

This CPE course assists you in understanding the rules of ASC 740, Income Taxes, and how these rules establish guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures.

Additionally, this course contains case studies to give you a practical look at how to account for different deferred tax scenarios. You will also receive a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.

Objectives

? Recall the principles of ASC 740
? Recall how to calculate income tax expense and deferred tax liabilities and assets
? Identify steps necessary to determine the valuation allowance
? Identify components of proper documentation of deferred income taxes in the workpapers, as well as required disclosures within the financial statements

Highlights

Principles of FASB ASC 740
Income tax expense and deferred tax liabilities and assets
Valuation allowances
Proper documentation of deferred income taxes in the working papers
Required disclosures within the financial statements

Additional Information

Designed For

Tax Staff Training, Level 3 training identifies the more difficult areas for experienced tax compliance specialists. Those with approximately 3 years of tax compliance experience.

Vendor

American Institute of CPAs

Credits

11.00 Accounting

Course Number

19AIS257

Level of Knowledge

Intermediate

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